Performance That Delivered
Resilient Operations.
H1 2026 Strong Results.
Revenue
- +59% Y-o-Y
Adj. EBITDA
- +63% Y-o-Y
Adj. Net Profit Attributable to Shareholders
- +3.4x Y-o-Y
H1 2026 Dividend*
At least
- 6.73 fils per share
*Subject to Board approval in September 2026
Our results demonstrate the resilience of Fertiglobe’s operations and the strength of our team. We further diversified UAE export routes through alternative overland and sea logistics, while expanding storage capacity to maintain production continuity.
Leveraging our diversified global footprint and established trading platform, we continued serving customers throughout the disruption. Our strong performance and disciplined capital allocation support a proposed dividend increase of at least 20% year-on-year.
Ahmed El-Hoshy
Chief Executive Officer
Financial
Performance.
A summary of our financial results for the six months ended 30 June 2026.
Q2 2026
Revenue
- +92% Y-o-Y
Adj. EBITDA
- +111% Y-o-Y
Adj. Net Profit Attributable to Shareholders
- +12.5x Y-o-Y
H1 2026
Revenue
- +59% Y-o-Y
Adj. EBITDA
- +63% Y-o-Y
Adj. Net Profit Attributable to Shareholders
- +3.4x Y-o-Y
Q2 2026 & H1 2026 Results.
Results MD&A Report.
Presentation.
Financial Statements.
Fertiglobe hosted its Q2 and H1 2026 Results Conference Call and Webcast on 28 July 2026.
Key
Highlights.
01 —
Q2 2026 adjusted EBITDA more than doubled Y-o-Y to $371 million, while adjusted attributable net profit increased ~12.5x to $145 million, extending the growth momentum delivered in Q1 2026.
02 —
Continued record high utilization rates in Egypt and Algeria during Q2 2026, supported by the Manufacturing Improvement Plan (MIP), led to overall urea utilization rates of 92% across the platform in H1 2026 despite challenges faced in the UAE.
03 —
Robust operating performance helped partially offset UAE export shipment constraints, with own-produced sales volumes down 3% Y-o-Y.
04 —
Fertiglobe leveraged its diversified global footprint, trading platform, and agile logistics network to maintain customer supply and capture value in a volatile market environment.
05 —
H1 2026 adjusted EBITDA rose 63% Y-o-Y to $713 million, while adjusted profits attributable to shareholders were $289 million, reflecting a 3.4x increase Y-o-Y.
06 —
Proposed H1 2026 dividends of at least $150 million (6.73 fils/share), represent a >20% Y-o-Y increase and an annualized dividend yield of ~5%1. The final dividend amount is subject to Board approval in September, with payment expected in October 2026.
Market
Outlook.
- Urea prices normalized from their highs in April 2026 amid seasonal demand softness and the restart of the Chinese export window, before ticking back up by over 30% to $555/t in July 2026.
- Improved affordability driven by resetting urea and rising crop prices is expected to support demand, while medium term fundamentals remain favorable.
- Meanwhile, ammonia prices have been supported by limited exports from the Middle East, and more recently elevated gas prices in Europe, leading to marginal production costs above current import prices.Â